Travel + Leisure Co. Completes $300 Million Term Securitization
Travel + Leisure Co. completed a $300 million term securitization of timeshare receivables at a weighted average coupon of 6.18% and a 98% advance rate. The deal is the company's third ABS transaction of 2026, bringing total year-to-date issuance to $925 million, all at a 98% advance rate.
Key figures
- Deal Value Usd
- 300000000
- Advance rate
- 98.00%
- Class a notes
- $137 million at 5.71%
- Class b notes
- $50 million at 5.81%
- Class c notes
- $62 million at 6.15%
- Class d notes
- $51 million at 7.85%
- Ytd abs issuance
- $925 million
- Weighted avg coupon
- 6.18%
AI analysis
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